Ariston Thermo: closing of Calorex acquisition

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Ariston Thermo Group’s headquarters (Fabriano, Italy).

Ariston Thermo announced the closing of Calorex acquisition in Mexico: the company offers natural gas, electricity and solar water heating solutions for residential and commercial use mainly through the Calorex and Cinsa brands. As communicated by the Italian company, with the completion of Calorex acquisition Ariston Thermo consolidates its presence in the American continent, acquiring a leadership position in Mexico and marking an important step to strengthen its growth potential both in North America and in Central & Latin America. “The acquisition of Calorex marks a key milestone in our future development and growth strategy worldwide – Paolo Merloni, Executive Chairman of Ariston Thermo, commented -. Calorex brings to the Group not only a distinct leadership in the Mexican market and a solid presence in the US, but also a wide range of products and leading brands as well as the distinctive expertise of its management and its people. This combination will create a great opportunity to accelerate our sustainable growth by building a stronger presence in the American continent”.